High-profile industry leaders will join the board next week
Freddie Mac has named Kevin Chavers (pictured top) and Luke Hayden (pictured below) as the newest members of its board of directors.
Effective Feb. 15, Chavers will serve on the firm’s audit committee and nominating and governance committee. Hayden will become part of Freddie’s operations and technology committee, as well as its risk committee.
Chavers, a mortgage industry veteran with 27 years of experience, recently retired as managing director of BlackRock’s global fixed income investment team. His career includes time spent at Morgan Stanley and Goldman Sachs. Chavers also served as president of Ginnie Mae from 1995 to 1998.
“Mr. Chavers brings additional mortgage finance, capital markets and public policy expertise to our board,” said Sara Mathew, non-executive chair of Freddie Mac’s board of directors. “Over his more than two decades with some of the nation’s largest financial companies, he has developed a deep familiarity with Freddie Mac and its leadership. Additionally, he possesses hands-on experience as an innovator and issuer of agency mortgage-backed securities.”
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Commenting on Hayden’s appointment, Mathew said the executive has “held nearly every job in our industry, from loan officer to chief executive officer, which has armed him with a ground-level appreciation of the complex needs of our clients.”
Hayden is the owner and CEO of his firm, Hayden Consulting. He was also the vice-chairman and board director of Residential Mortgage Services for more than eight years. Prior to that, Hayden headed PHH Mortgage as president and served as CEO of Mortgage Renaissance Investment Trust.
“His comprehensive experience in residential real estate finance, capital markets and risk management from several of the largest mortgage operations in the country will be an asset to Freddie Mac’s board,” Mathew said. “We wholeheartedly welcome Kevin and Luke to our board.”
